EFTA Document EFTA01461225

Buy Current price 6170 Target price (11m) 8000 Upside 29% Panasonic httpsficiermm.db.intranet.db.com/uer/documentipdf/0900b8c08795101a.pdf (6752 JP Buy Current price 1158 Target price (12m) 1300 Upside 12% Omron 6645 JP Not rated at DB Current price 4105 Target price (12m) 4426 (Bloomberg avg. Not covered by DB) Upside 8% Kawasaki Kisen: http://um.db.comkier/documenUShowPdf.eusr?productIDMore=0900b8c087790d17 9107 JP Buy Current price 236 Target price (12m) 280 Upside 18% Reflation is the other major theme, which should be positive for retailers and banks, where DB Research is bullish Rakuten and Resona respectively. Rakuten: https://uer.um.cib.intranet.db.com/uer/document/pdf/0900b8c087a30eda .pdf 4755 JP Buy Current price 1531 Target price (12m) 1710 Upside 12% Resona: https://uergm.cib.intranet.db.comkjer/documentipdf/0900b8c0879ce3f0.pdf 8308 JP Buy Current price 512 Target price (12m) 650 Upside 27% Tazia Smith Director I Key Client Partners - US Deutsche Sank Securities Inc Deutsche Asset 8 Wealth Management 345 Park Avenue. 26th Floor New Tel. Fax CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 123129 CONFIDENTIAL SDNY_GM_00269313 EFTA01461225